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I know this isn't necessarily the right board for this, but I also know that the folks who post on this board are full of financial wisdom. I was asked for help by a relative, and I decided to see what direction you all can help me with.

We have an 84 year old member of the family looking to get a better return on her money. She is retired and gets a very good pension, plus social security benefits. I don't know what her exact income and expenses are. She owns her house and car outright and has no outstanding debt. I'm made to understand she is getting as little as $0.30/month on a balance of ~$20K in her regular use checking account. I know she also has an online checking account that gives her a bit better return, but still could do better.

The question is. given her age, what options does she have to get a better return on her money? It seems to me like even just moving it to a different account with better rates would be a step in the right direction, but what other options should she be looking at? She has good insurance coverage and is in good health given her age.

I also suggested she may want to talk to a financial planner, but I'm not sure how best to go about finding one.

I welcome all suggestions, even if it's just to post to another board. If there are questions I can get answers to to help inform your answers more, I'd be happy to find out.

Thanks in advance!
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